Wfa Asset Management Corp (Whitefish Bay)


Wfa Asset Management Corp is a large advisory firm based in Whitefish Bay. It manages $224.02 million of regulatory assets for 447 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Illinois, and 3 other states.

Wfa Asset Management Corp provides financial planning services, portfolio management for individuals and small businesses, and financial planning for divorce litigation; tax preparation. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wfa Asset Management Corp: assets under management

The assets under management (AUM) of Wfa Asset Management Corp is $224.02 million. The firm's AUM has grown by 164% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $202.83 million in discretionary accounts and $21.2 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $503.29 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $481.71 thousand.
Wfa Asset Management Corp has custody of $64.01 million in cash and securities for 264 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 61% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 23% of the firm’s portfolio. Investments in exchange traded securities form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wfa Asset Management Corp for their services and products based on a percentage of assets under management and hourly charges. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Nicholas Enea serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Nicholas Enea is individuals with 394 clients and $123.94 million of assets under management. Among the 8 most similar advisory firms, Wfa Asset Management Corp has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $222.88 million for 445 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Wfa Asset Management Corp doesn't advise any private funds.

Careers at Wfa Asset Management Corp

The company employs 8 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Nicholas Enea has been acting as President since 1 Jul 1993. Marilou Davido joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Garrick Gerard Zielinski President 1 Oct 1990 50% - 75% 1078988
Nicholas Enea President/chief compliance officer 1 Jul 1993 75% - 100% 2558016
Marilou Davido Chief compliance officer 1 Jan 2018 Other 6785910

Based in Whitefish Bay

The principal office where Wfa Asset Management Corp performs its advisory services is located at 633 E. Henry Clay Street, Whitefish Bay, WI 53217 The mailing address of the firm is P.O. Box 170020, Whitefish Bay, WI 53217. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 414-727-8181 or by fax 414-727-8989. The normal business hours are 8:00am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at wfa-asset.com.